The Latest Technology To Mitigate Property Risks

 Friday, December 6, 2019

 Risk Management Magazine

For years, organizations have employed remote sensing technologies that obtain information about objects or areas from a distance—typically from aircraft or satellites—to assess impacts from natural disasters like hurricanes.

But today, thanks to a convergence of factors, including a dramatic drop in remote sensing costs, greater availability of more detailed and abundant data, and advances in artificial intelligence, the technology is increasingly being used to mitigate property risks.

“A new generation of remote sensing technology offers more frequent and less expensive data collection that uses lightweight drone aircraft and satellites,” according to a recent BCC Research report. “Built from off-the-shelf parts and delivered to orbit by commercial rocket companies, these technologies are lowering the cost of remote sensing from $10 per square centimeter to pennies.”

In some cases, this data is even available to the public at little or no cost.
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